Gore-Backer Automaker Secures $529 Million Taxpayer Loan

Chalk this one up for Gore and company and we pick up the tab for a greenies pipe dream. $529,000,000 to build a hybrid car that will cost about $89,000 is out of the range of most Americans. As I see it this is enough money to build almost 6000 of these dreams cars. Hell they could just give away the first 3000 and have a quarter of a billion left to buy champagne to toast us dumb American taxpayers. Why is it every time a read a article about almost anything we are getting screwed by the White House gang. I predict this car will never reach the U.S. market and should it, they will be quickly snapped up by the Hollywood elite who will park them in their drive ways as a status symbol. A symbol only, because they will be driving their Bentleys and Rolls Royces of course they will buy their carbon credits to offset the 5 mpg their Rolls gets.

The federal government has loaned $529 million to Fisker Automotive Inc., a small car company backed by former Vice President Al Gore to help build a hybrid sports car in Finland that will sell for about $89,000, the Wall Street Journal reported.

Former Vice President Al Gore's campaign to save the planet from global warming has netted him a Nobel Peace Prize, an Academy Award and now $529 million in taxpayer money.

The federal government has loaned $529 million to Fisker Automotive Inc., a small car company backed by Gore to help build a hybrid sports car in Finland that will sell for about $89,000, the Wall Street Journal reported.

Fisker isn't the only automaker to reap millions from Uncle Sam. Tesla Motors Inc., which offers a $109,000 British-built electric Roadster, received a $465 million government loan. Tesla is a California startup that focuses on all-electric vehicles. It has won a number of celebrity endorsements and is backed by investors that have contributed to Democratic campaigns. read more